Handbook of Universities and Regional Development
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Handbook of Universities and Regional Development

Edited by Attila Varga and Katalin Erdős

The Handbook on Universities and Regional Development offers a comprehensive and up-to-date insight into how academic institutions spur their surroundings. The volume sheds light on universities as regional development actors from a historical perspective by introducing institutional changes and discussing the interrelatedness of society, business and academia. It provides detailed investigations on various knowledge transfer mechanisms to help understand the diverse ways through which ideas and intellectual property can flow between universities and businesses. Detailed case studies from three continents (Europe, Asia, and America) demonstrate the highly contextual nature of the interactions between academia, industry and government.
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Chapter 13: Universities, the bioscience sector and local economic development in Oxfordshire: challenges and opportunities

Helen Lawton Smith, Sharmistha Bagchi-Sen and Laurel Edmunds

Abstract

While investments in certain places yield jobs, growth and prosperity similar investments in others locations fail to produce the desired effects (Feldman, 2014). As an outcome of governmental policies to foster innovation in companies in the healthcare sector, both research and innovation are clustered in particular places (Cooke 2013) as it is often research universities that are central players in research and research-led innovation that have societal value in the healthcare sector, funded both by public funds as well as by the private sector (Arbo and Benneworth 2007, Bagchi-Sen and Lawton Smith 2010). Our case study draws on data from three key bioscience regions along with an emerging region. The chapter focuses specifically on the extent of the role of Oxford University in driving the healthcare cluster development over time while considering the role of other organisations (local and national) and local context specific factors.

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